Business Briefs

Posted: Tuesday, May 18, 1999

The Association of Information Technology Professionals will meet at 5:30 p.m. today for a tour of the Southwestern Public Service Co. Control Center, 45th and Bell. For information, contact Tim McGaughy at 351-2300, extension 3950.

TCA Cable TV Inc., which agreed to merge with Cox Communications last week, has signed an agreement with Peak Cablevision to trade TCA's systems in Dalhart, Perryton and in the Guymon, Okla., area for Peak systems in and around the Arkansas towns of Fayetteville, Springdale, Bentonville, Rogers and Fort Smith. The exchange in total affects approximately 8,200 TCA and 9,200 Peak subscribers. The transaction is expected to be complete by mid-summer.

SBC Communications Inc. said it will add New York, Washington D.C., and Phoenix to the list of initial markets the company will enter following the completion of its merger with Ameritech. Previously SBC said it would provide telephone service in Seattle, Boston, and Miami. SBC is the parent company of Southwestern Bell.

Service Corp. International, which operates three funeral homes in Amarillo, announced a 9 cents per share dividend payable July 30 to shareholders of record on July 15.

Directors of Sears, Roebuck and Co. declared a regular quarterly dividend of 23 cents per share, payable July 1 to shareholders of record on May 28.

Homeland Holding Corp. announced first quarter net income of $616,000 or 13 cents per diluted share, down from $871,000 and 18 cents per diluted share a year ago.

Cumulus Media Inc., which operates six radio stations in Amarillo, reported a net loss of $14.6 million or 74 cents per share, compared with a loss of $6.17 million and 49 cents per share a year ago.